PAXG funding rates and arbitrage
Updated 2026-11-12 00:02 UTC
Best PAXG arbitrage after every cost
| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| PAXG | Perp ↔ perp | BingX PAXG-USDT | Gate PAXG_USDT | −$11.59 † | −6.0% | — | Watch |
| PAXG | Perp ↔ perp | Paradex PAXG-USD-PERP | Gate PAXG_USDT | −$31.86 † | −16.6% | — | Watch |
| PAXG | Perp ↔ perp | Binance PAXGUSDT | Gate PAXG_USDT | — | — | — | Watch |
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry. † slippage estimated from the top of the book (no live order book for this pair); ‡ before slippage (no order book at all).
PAXG funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Hibachi | PAXG/USDT-P | 0.0106% | 1 h | +92.9% | +63.3% | $62.1K | 2026-11-12 01:00 |
| Kraken | PF_PAXGUSD | 0.0056% | 1 h | +49.0% | +25.3% | $1.7M | 2026-11-12 01:00 |
| dYdX | PAXG-USD | 0.0046% | 1 h | +40.2% | +41.0% | $84.9K | 2026-11-12 01:00 |
| Coinbase Derivatives | PAU-20DEC30-CDE | 0.0020% | 1 h | +17.5% | — | $6.6M | 2026-11-12 01:00 |
| Gate | PAXG_USDT | 0.0153% | 8 h | +16.8% | +3.2% | $11.6M | 2026-11-12 08:00 |
| Paradex | PAXG-USD-PERP | 0.0100% | 8 h | +11.0% | — | $206.1K | 2026-11-12 08:00 |
| Pacifica | PAXG | 0.0013% | 1 h | +10.9% | +8.3% | $893.9K | 2026-11-12 01:00 |
| Bybit | PAXGUSDT | 0.0050% | 4 h | +10.9% | +9.8% | $24.3M | 2026-11-12 04:00 |
| Bulk | PAXG-USD | 0.0013% | 1 h | +10.9% | — | $451.2K | 2026-11-12 01:00 |
| Backpack | PAXG_USDC_PERP | 0.0013% | 1 h | +10.9% | +15.5% | $1.9M | 2026-11-12 01:00 |
| Phemex | PAXGUSDT | 0.0050% | 4 h | +10.9% | — | $1.3M | 2026-11-12 04:00 |
| WhiteBIT | PAXG_PERP | 0.0050% | 4 h | +10.9% | +9.1% | $18.3M | 2026-11-12 04:00 |
| HTX | PAXG-USDT | 0.0050% | 4 h | +10.9% | +10.9% | $728.2K | 2026-11-12 04:00 |
| BingX | PAXG-USDT | 0.0050% | 4 h | +10.9% | +10.7% | $930.8K | 2026-11-12 04:00 |
| Aster | PAXGUSDT | 0.0050% | 4 h | +10.9% | +9.8% | $1.4M | 2026-11-12 04:00 |
| Hyperliquid | PAXG | 0.0013% | 1 h | +10.9% | +10.8% | $23.8M | 2026-11-12 01:00 |
| Variational | PAXG-PERP | 0.0050% | 4 h | +10.9% | +10.9% | $7.6M | 2026-11-12 00:00 |
| Lighter | PAXG | 0.0012% | 1 h | +10.5% | +10.2% | $1.7M | 2026-11-12 01:00 |
| Bitunix | PAXGUSDT | 0.0040% | 4 h | +8.8% | +7.2% | — | 2026-11-12 04:00 |
| ApeX | PAXG-USDT | 0.0010% | 1 h | +8.7% | +10.2% | $182.7K | 2026-11-12 01:00 |
| LBank | PAXGUSDT | 0.0036% | 4 h | +7.9% | +13.8% | — | 2026-11-12 04:00 |
| MEXC | PAXG_USDT | 0.0033% | 4 h | +7.2% | +7.1% | $15.1M | 2026-11-12 04:00 |
| GRVT | PAXG_USDT_Perp | 0.0033% | 4 h | +7.2% | +9.6% | $1.4M | 2026-11-12 04:00 |
| Extended | PAXG-USD | 0.0008% | 1 h | +7.0% | +7.5% | $506.8K | 2026-11-12 01:00 |
| Binance | PAXGUSDT | 0.0031% | 4 h | +6.9% | +7.1% | $98.7M | 2026-11-12 04:00 |
| KuCoin | PAXGUSDTM | 0.0027% | 4 h | +5.9% | +9.6% | $27M | 2026-11-12 04:00 |
| Bitget | PAXGUSDT | 0.0012% | 4 h | +2.6% | +4.7% | $10.1M | 2026-11-12 04:00 |
| Crypto.com | PAXGUSD-PERP | -0.0014% | 1 h | −12.6% | −12.4% | $468.9K | 2026-11-12 01:00 |
Borrow PAXG to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Binance | 1.00% | — |
| OKX | 1.01% | — |
| Bitget | 2.52% | — |
| Gate | 5.27% | $120K |
Cost to enter $10,000 of PAXG
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Extended | PAXG-USD | 3.1 bp | order-book snapshot, 49 min old |
| Pacifica | PAXG | 4.3 bp | order-book snapshot, 55 min old |
| GRVT | PAXG_USDT_Perp | 4.8 bp | order-book snapshot, 6 min old |
| Backpack | PAXG_USDC_PERP | 5.4 bp * | order-book snapshot, 8 min old |
| KuCoin | PAXGUSDTM | 6.7 bp | order-book snapshot, 17 min old |
| HTX | PAXG-USDT | 7.3 bp * | order-book snapshot, 20 min old |
| WhiteBIT | PAXG_PERP | 13.3 bp | order-book snapshot, 51 min old |
| dYdX | PAXG-USD | 21.3 bp | order-book snapshot, 13 min old |
| Paradex | PAXG-USD-PERP | 289.9 bp | order-book snapshot, 10 min old |
| Aster | PAXGUSDT | 1.7 bp | top of book only |
| Lighter | PAXG | 1.9 bp | top of book only |
| MEXC | PAXG_USDT | 2.5 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
More on PAXG
Questions
Is PAXG funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PAXG pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest PAXG funding rate?
Hibachi at +92.9% a year (0.0106% every 1 h); the lowest is Crypto.com at −12.6%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.